JPMorgan Sees Home Prices Up 14% as BofA Calls Party

JPMorgan Sees Home Prices Up 14% as BofA Calls Party

Sam Hodgson/Bloomberg

The two biggest U.S. banks are predicting an accelerating rebound as homebuyers and investors rush to acquire a dwindling supply of properties and the Federal Reserve pushes down borrowing costs by buying mortgage bonds. That’s strengthening the economy and sustaining a rally in homebuilder shares after the stocks more than doubled since the end of 2011.